South Korea Looks to Fine Qualcomm

Yes, there’s even more bad news for Qualcomm (QCOM). More anti-trust issues. This time from South Korea:

Qualcomm Inc. said the staff of South Korea’s antitrust agency has alleged that some of the U.S. chip maker’s patent-licensing practices are illegal and recommended that the company be fined.

The company, which has battled antitrust cases in multiple countries, said a case examiner’s report generated by the staff of the Korea Fair Trade Commission, known as the KFTC, also recommended modifications to its business practices. A Qualcomm spokeswoman said the company hasn’t been informed of the size of any potential fine

The shares, which were already down 29% going into today, are down another 8.5% today. What a mess!

Posted by on November 18th, 2015 at 1:01 pm


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